ST. LOUIS—The migration of suburban office users into downtown urban cores has become a national phenomenon, and it looks like that process is now underway in the St. Louis metro area.
The global brand experience agency Momentum Worldwide has just decided to move its St. Louis-area office and 150 employees from suburban Richmond Heights to a 27,850 square-foot space in the downtown. The agency will take a full floor with a private rooftop deck at 1831 Chestnut St.
“We have more vacancies downtown, on a percentage basis, than in any other submarket,” John Warren, a vice president in JLL's St. Louis office, tells GlobeSt.com. He represented the landlord, Oak Street Real Estate Capital, in this transaction. “It's also one of the few metro areas where the suburbs are more expensive than the CBD.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
